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USDD

TRON DeFi Surges on Terra-Inspired Stablecoin Launch

cryptocurrency May 24, 2022

Key Takeaways TRON’s DeFi ecosystem is soaring. It’s now the third-largest blockchain in total value locked terms, trailing only Ethereum and BNB Chain. The surge can likely be attributed to its new algorithmic stablecoin USDD, which has ballooned to $545 million on promises of 30% “risk-free” yields. TRON’s USDD employs a similar stabilization mechanism as […]

Tron’s Justin Sun Commits $10m in USDD to Assist Smallholders Hardest Hit by UST’s Depegging

cryptocurrency May 16, 2022

Advertisements Quick summary: Tron’s Justin Sun has offered to set aside $10 million in USDD to assist the average UST investor affected by the depegging of the stablecoin Mr. Sun was responding to a similar idea by Ethereum’s Vitalik Buterin, calling for ‘coordinated sympathy and relief for the average UST smallholder’ Mr. Butern also cited […]

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